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JD.com Shores Up On-Demand Delivery With $800M Dada Group Investment

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Chinese e-commerce giant JD.com is raising its stake in Dada Nexus Limited, investing $800 million in the on-demand delivery company’s newly issued ordinary shares to take majority ownership of the company. JD.com now owns 51 percent of all Dada Group shares. With the investment, JD.com aims to help both companies further diversify their retail services…

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